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i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, whichs extly at happed. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially t problethe president faced th boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was
i think they are going to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, whichs extly at happed. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it....
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that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back and wrap up the supplemental bill hand and a couple of pieces of legislation they have to do -- supplemental bill has and a couple of pieces of legislation they have to do anyway. u.s. something all of us on capitol hill are dying to find out. when -- you ask something of a who worked on capitol hill are dying to find out. at the present's post office -- press conference, someone yelled, when are you coming back? we want to have the longest section possible. host: thanks for being on the program. we will continue talking about >> we are joined by the authors of the nearly release
that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back...
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that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news contributor steven crowder who joins us from dallas, texas. hello, steven. >> hello judge or as we say in french "judge jeanine." i don't know if that is french. >> judge jeanine: i don't know either. >> actually no, i am french canadian. >> judge jeanine: can you you tell us what this fiscal cliff is? >> well, listen, i don't know about the package you just ran. i did go out and interview people on the street for the fiscal cliff. i apparently had
that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it....
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is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase
is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and...
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. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >> chained cpi would change the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the price of meat goes u
. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >>...
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. >> now to the latest on the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st, severe cuts and tax increases will take effect sometime during the month. congress is cutting short its vacation to come back to work on thursday. >> a federal judge is givng the okay to b-p's settlement with businesses and people affected by the 20-10 oil spill in the gulf of mexico. under the settlement, b-p will pay close to eight billion dollars to settle economic and medical claims from thousands of businesses and individuals in louisiana, alabama and other coastal areas. aside from seafood industry claims, there is no cap on the amount b-p will pay to th
. >> now to the latest on the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st,...
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leading off tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie
leading off tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from...
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. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescripti
. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains...
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more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work out an arrangement. i have no problem being there. >> were you in support the plan b? >> i was. it was not a perfect plan, but considering the alternative, basically what john boehner was saying was no taxes would raise on anyone who had under $1 million. he was setting a million dollar threshold. the president was 250 or 400,000. i thought john boehner's hand was better and would strengthen in the negotiations. i think too many people in the conference were afraid would be seen as voting to increase taxes, but for not voting on the tax on over there for over a
more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work...
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cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a coolinoff period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that
cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a coolinoff period. maybe they would have some time to reflect here. the president said that he did speak on the...
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do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues down the road and essentially john boehner was right with bran b. we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. >> but doug, i don't believe -- i don't think that is entirely fair. the president put on the table t
do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. >> i don't think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues...
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is one last tax on the poor and middle-class right before we go off together over the fiscal cliff. many's bill contains dangerous provisions. part c we got last night in which the 25 million working americans would pay more on taxes. the drastic cuts, they could not adjourn this year without one more last attempt to destroy the health care bill that will provide health care for millions more americans, covered by insurance is they have never been able to have before. during my last election last month, i met more than one person. she was born with cerebral palsy. she had to do without any health insurance. she was born with cerebral palsy and had a pre-existing condition. 2 million americans would lose their unemployment assistance right here at the holiday time. as i said before, the program would be gutted. those on just cuts would leave millions struggling to pay their bills and put food on the table. americans we are talking about are not the ones that cause the problem in this country. they have nothing to do with financial services. continually, this house asks them to pay th
is one last tax on the poor and middle-class right before we go off together over the fiscal cliff. many's bill contains dangerous provisions. part c we got last night in which the 25 million working americans would pay more on taxes. the drastic cuts, they could not adjourn this year without one more last attempt to destroy the health care bill that will provide health care for millions more americans, covered by insurance is they have never been able to have before. during my last election...
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the fiscal cliff needs to be avoided. the speaker should bring the middle-class tax cut to the floor of the house for a vote. only has to do is let democrats vote and it will pass. the clock is ticking. there is still time for the speaker to avoid that cliff. the senate-passed bill would protect 90% of small businesses while president obama [inaudible] and that agreement should be comprehensive. simply pass the senate bill. the only reason he worked for a day or two so it would not pass. that did not work either. americans are not fooled by the speaker's thani procedural excuses -- phony procedural excuses. let me be very plain. there is nothing preventing the speaker from taking up our bill and giving middle-class families certainty. this is not a game. there will be very serious consequences for millions of families if congress fails to compromise. there will be serious consequences for our country if congress kills to compromise. -- fails to compromise. it is time for the house republicans to remember what is at stake.
the fiscal cliff needs to be avoided. the speaker should bring the middle-class tax cut to the floor of the house for a vote. only has to do is let democrats vote and it will pass. the clock is ticking. there is still time for the speaker to avoid that cliff. the senate-passed bill would protect 90% of small businesses while president obama [inaudible] and that agreement should be comprehensive. simply pass the senate bill. the only reason he worked for a day or two so it would not pass. that...
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cliff. i've talked to a lot of republican colleagues in the senate who are favorably incl e inclined toward the idea it to protect the middle class from the tax cuts. let's raise taxes on people over 250,000, and let's stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to you again. >> i told my colleagues they're doing it to make sure those of us retiring this year work every last day of the term. we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine inspiration. if so, this board gives me rate
cliff. i've talked to a lot of republican colleagues in the senate who are favorably incl e inclined toward the idea it to protect the middle class from the tax cuts. let's raise taxes on people over 250,000, and let's stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to...
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. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything here in washington. >> pa
. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled...
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cliff called "tax hikes may not hit paychecks right away." it's about how it's already too late for employers to accurately withhold income taxes from january paychecks. and the reno sunday gazette journal has an article entitled "first person: buying a weapon at the reno gun show." the writer chronicles how he went to a gun show and bought a semiautomatic rifle in less than 30 minutes for under $600. the background check took 15 minutes. one gun seller told the reporter rifles similar to the one used in newtown were expected to double in price in the next 90 days. i just finished reading that article. pretty unbelievable. >>> a democratic president at a time of political upheaval passes a major gun-control act in the wake of several shooting tragedies. that may sound like president obama's plan for the next term, but it actually happened 44 years ago. >> today we begin to disarm the criminals and the careless and the insane. and all of our people who are deeply concerned in this country about law and order should hail this day. and in our de
cliff called "tax hikes may not hit paychecks right away." it's about how it's already too late for employers to accurately withhold income taxes from january paychecks. and the reno sunday gazette journal has an article entitled "first person: buying a weapon at the reno gun show." the writer chronicles how he went to a gun show and bought a semiautomatic rifle in less than 30 minutes for under $600. the background check took 15 minutes. one gun seller told the reporter...
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>> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this country, you can go back 50, 60 years and see the articulation of where those dollars have been spent, see how that spending escalated coming through the '70s, back down a little bit with reagan, but not enough, and then, of course, when you reduce the taxes, you need to be reducing that spending, so the blame, there's -- there is plenty of blame to go around. i am really concerned that come january 1 you're going to see the taxes go up on people. you are going to see the obama care taxes come on to the books, and it's going to be kind of that taxmageddon, if you will, if we do not reach a resolution to these issue
>> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this...
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host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major crops days in a row. that might convince people who might otherwise think they could get a better deal to get a deal done. in that sense, it could be an action-forcing response. in the sense of what is happening in the real economy, i think we would prefer our stock market to be based on be diffict rid of. things like profits, how well companies are doing, the overall state of the economy, and that these day to day changes, whether a deal gets signed on. you're 30 or december 5. i do not think we to be too concerned about the market long term. that changes if we go a few mo
host: one of our viewer says, how well wall street reacts to the fiscal cliff? we know there will be a deal. well stocks dropped anyway? to follow the market? guest: i do. it is possible the market will reflect displeasure or concern or worry about going over the cliff. it is important for the average american to not focus so much on the day-to-day gyrations of the stock market. you can be sure, politicians will be focused on it. one in this for getting a deal would be if all street has major...
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cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the headlines go to fox news.com. the pro lifer versus pro abortion is heating nup ireland. the woman complained of pain and she asked for a abortion believing she miscarried her young baby. the doctors refused to abort the child saying the fetal heart beat was still. the women died three days later. the incident caused controversy all over the world . american pro abortion advocates pressured hillary clinton. joining us is hilary rose. an irish citizen nevy brown delair woman of love institute. it is so good to have you hered today
cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the...
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. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations. everybody's-- there will be a bite taken out of every single person's paycheck because that holiday is over. >> clayton: yes, 2% we're talking here so it's going to go back to, as alisyn pointed out, that 6.2%, it's currently 4.2%. will they extend this thing? is this part of the negotiations? we don't know, so far it hasn't been, is it going to be put on the table at any point. >> kelly: unlike you, people on capitol hill scratching their heads and saying, what is going on, why haven't we had a common sense agreement bipartisan to get something done and everyone is scratching their heads and wall street is s
. >> alisyn: not only if we plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations....
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i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff? >> well, first of all, there's no reason why we should. remember what i said during the campaign. i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families only to pay for a tax cut for somebody like me. their task is going to be to sift through everything i did that is out there and even take a look at some bad ideas. the co
i'd like to ask you about the other serious issue consuming this town right now, the fiscal cliff. >> right. >> haven't you betrayed some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now in this mix? and more broadly, there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update? are we likely to go over the cliff?...